Well I am still long on it, looks like I am an investor now that I will be in my second day of holding it. So your daytrader comment totally blows up in your face!
I have 100 share at 11.45 guys, I have more $ waiting around 10.00 tomorrow if your need to sell more. Keep em coming, the charity will stop at some point thought ;)
Maybe he just wrote iron ore instead of met coal. Typical bloop, lol, but I wonder where he and other people get their quotes from.
Maybe you are right, but it appears to me that this stock is still undervalued. The rally could continue one more day or 2 and make another 10-15% in gains. Hard to say but I read your other post if you bought in the 70s 80s you would be smart to distribute some at these levels.
That looks obviously like bad news, but it would be irresponsible if the company was in dire straights for the debt holders not to bother working something out. Maybe the company is not in as bad shape as they have been pretending to be, or maybe they cancelled the meeting because the CEO left and they want to have a new CEO to negotiate with. No point having a meeting with guys who wont have a say over how the company will deal with the issues at hand. It is a very interesting story indeed.
I just read the last press release from yesterday, sounds like this company is out of business, only gamblers and bagholders are coming in now. Why pay 0.06/slice for something worth 0.00?